Apple reported some very high fourth quarter earnings yesterday after the market closed, and, uh, Wall St. liked what they heard. I swear I saw it rise 10% in less than an hour. Apple now has a larger market cap than Intel and IBM. What a world.The iPhone "is a game-changing product," said Stephen Coleman, chief investment officer at Daedalus Capital LLC.
Based on income from the iPhone alone, he said, "I expect Apple's earnings to continually grow materially at 50 percent a year, for the next three years." But I think it was really Mac sales that drove the stock up. They were incredibly strong. Over 2 million Macs sold - 400,000 more than in any previous quarter. And that's in a quarter immediately preceding a huge OS release (often people put off computer purchases until a new OS is released since you get it free with a new computer.) Apple is now the number three computer retailer in the U.S. (behind Dell and HP who, sure, sell a lot more but on *much* lower margins.)
I think they are at the tipping point, especially with their laptop sales. They can easily gobble up market share percentage points from here. 10% of the global market doesn't seem out of reach. And then, yeah, there's that whole iPod thing. Still, I don't trust the market in general right now and I think I'm going to sell my rather tiny holdings. It's been a very fun ride.
i was just talking to someone that bought 1000 shares at 60.
Nice. And that wasn't too long ago. $60,000 to $185,000. Not bad.
Since 2004 aapl has been more profitable than goog.
sold half at 100 so only about 80grand.
Out at $185.33.
and what did you buy at??
whyd you sell? you think it will drop down and then youll reinvest? how does the capital gains tax figure in?
I bought at $117 but it split twice (2:1 each time) since then. So, sort of like I bought at $29. Again though, we're not talking a large amount of shares here (unfortunately.)
It just feels like the right time to get out. I have no plans, and not really enough money, to reinvest. Taxes are big, but what can you do? Someone has to fund the war machine. :-(
Anyway, if today is any guide, I'm going to drive myself just as crazy watching it now that I've sold as I did before when I had a few shares. It really is some sort of addiction. Down slightly today which is perversely making me happy.
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I think they are at the tipping point, especially with their laptop sales. They can easily gobble up market share percentage points from here. 10% of the global market doesn't seem out of reach. And then, yeah, there's that whole iPod thing. Still, I don't trust the market in general right now and I think I'm going to sell my rather tiny holdings. It's been a very fun ride.
- jim 10-23-2007 7:11 pm
i was just talking to someone that bought 1000 shares at 60.
- dave 10-23-2007 8:08 pm
Nice. And that wasn't too long ago. $60,000 to $185,000. Not bad.
Since 2004 aapl has been more profitable than goog.
- jim 10-23-2007 8:17 pm
sold half at 100 so only about 80grand.
- dave 10-23-2007 8:28 pm
Out at $185.33.
- jim 10-23-2007 10:57 pm
and what did you buy at??
- Skinny 10-23-2007 11:02 pm
whyd you sell? you think it will drop down and then youll reinvest? how does the capital gains tax figure in?
- dave 10-23-2007 11:18 pm
I bought at $117 but it split twice (2:1 each time) since then. So, sort of like I bought at $29. Again though, we're not talking a large amount of shares here (unfortunately.)
It just feels like the right time to get out. I have no plans, and not really enough money, to reinvest. Taxes are big, but what can you do? Someone has to fund the war machine. :-(
Anyway, if today is any guide, I'm going to drive myself just as crazy watching it now that I've sold as I did before when I had a few shares. It really is some sort of addiction. Down slightly today which is perversely making me happy.
- jim 10-24-2007 9:12 pm